It hovered around this level in the morning. In the
afternoon, one larger deal sent the koruna
lower to 30.22, but the currency continued in
sideways trade to close at 30.25. The
market was rather calm, the koruna keeps in
broader mid-term sideways range of 29.85-
30.55 for the third month. There was no
domestic stimuli for the market.
Today the calendar is empty again. Hence
technical trading or the EUR/USD volatility
might move the market. Another day of
sideways trade is the most likely scenario.
(CSOB - Investment research)